Sprint Backtesting

S -- USA Stock  

USD 5.46  0.07  1.27%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Sprint 'What if' Analysis

May 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 20, 2018
0.00
If you would invest  0.00  in Sprint on May 21, 2018 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 30 days. Sprint is related to or competes with UTStarcom Holdings, , Verizon Communications, CenturyLink, Frontier Communications, and TELEPHONE +. Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and s...

Sprint Upside/Downside Indicators

Downside Deviation0.7796
Information Ratio0.4065
Maximum Drawdown3.29
Value At Risk0.96
Potential Upside1.74
  

Sprint Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.4663

Sprint Backtested Returns

Macroaxis considers Sprint not very risky given 1 month investment horizon. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3691 which indicates Sprint had 0.3691% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please operate Sprint Semi Deviation of 0.2699, Coefficient Of Variation of 246.03 and Risk Adjusted Performance of 0.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Sprint holds performance score of 24. The entity has beta of 0.0 which indicates the returns on MARKET and Sprint are completely uncorrelated. Although it is vital to follow to Sprint current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.3342% will be sustainable into the future. Please operates Sprint Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to make a quick decision on weather Sprint existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.64 

Good predictability

Sprint Corporation has good predictability. Overlapping area represents the amount of predictability between Sprint time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Sprint price fluctuation can be explain by its past prices.
Correlation Coefficient 0.64
Spearman Rank Test 0.58
Price Variance 0.02
Average Price 5.35

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - S

Sprint Investor Sentiment
Most of Macroaxis users are at this time bullish on Sprint Corporation. What is your outlook on investing in Sprint Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.